Intell-A-Check! & NACHA

Intell-A-Check, Corp., a leader in electronic payment solutions, announced that Renaissance Bankcard Services is using the company’s electronic check-writing application software, Intell-A-Check!, to participate in the National Automated Clearing House Association test pilot to authorize ACH payments over the phone. Renaissance Bankcard Services is a national leader in developing, managing and servicing customized MasterCard and Visa portfolios. Intell-A-Check! offers an out-of-the-box, plug-and-play solution to enable Renaissance Bankcard to access the ACH network to support bill payments and collections via telephone for the NACHA trial program.

Intell-A-Check! offers a flexible tool for expanded customer service, enabling companies to instantly accept secure check and ACH payments through the phone, an automated IVR/VRU interface, and the Internet. Renaissance Bankcard currently uses Intell-A-Check! to provide credit card customers with the option of paying their bills by check directly over the phone, and as a collections tool to procure outstanding balances. By participating in the NACHA pilot, Renaissance will extend its application of Intell-A-Check! to support ACH debits, eliminating paper-based payments entirely, and offering even greater convenience for customers.

“At Renaissance Bankcard, the customer is our number one priority. With Intell-A-Check!, we can offer our customers top-quality service, allowing them to conveniently pay their bills over the phone,” explained Karen Fort, Operations Project Analyst at Renaissance. “With the NACHA pilot, Intell-A-Check! continues to provide us with a vehicle to further enhance our services, and meet the customer’s every need.”

Following the NACHA pilot, Renaissance Bankcard plans to use Intell-A-Check! to offer additional customer payment options, enabling customers to submit fast, easy payments over the Internet, and through an automated IVR/VRU interface. Both options will seek to reduce call center traffic, freeing Renaissance Bank’s service representatives to offer targeted customer support.

“Intell-A-Check! provides companies with the perfect tool to participate in the NACHA pilot, and develop a platform to accept ACH and check payments over the phone,” explained Joseph Grueter, Manager of Business Development and Founder of Intell-A-Check, Corp. “We are thrilled to provide Renaissance Bankcard with a turnkey solution to tap into the ACH network, and offer customers total payment convenience.”

About Renaissance Bankcard Services

Renaissance Bankcard Services (RBS) is a national leader in developing, managing and servicing customized MasterCard(R) and Visa(R) portfolios. RBS was formed in 1991 by a group of veteran credit card managers who created the first credit-card-only bank for ITT Corporation in 1988. Five of the top fifteen credit-card-issuing banks in the nation have utilized RBS to enter the sub-prime card market. RBS servicing centers are located in Beaverton, Oregon and London, Kentucky.

About Intell-A-Check, Corp.

Founded in 1993, Intell-A-Check, Corp. is a leader in payment technologies, providing a range of electronic payment solutions to Fortune 1000 organizations, including MCI WorldCom, Comcast Cablevision, Bank of America, Consolidated Edison of New York, Staples Corporation, and GE Capital. Located in Belleville, NJ, the company is a Microsoft Commerce Partner. Its flagship product, Intell-A-Check!, is a Microsoft BackOffice certified solution that supports a broad range of technology platforms. For additional information via the Web at [http://www.icheck.com][1].

[1]: http://www.icheck.com/

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First Select

Providian Financial says its First Select subsidiary had a banner first year. First Select Corp. has acquired more than $1 billion in contracts with seven of the nation’s top credit card issuers. The agreements represent commitments from creditors to sell their charged-off receivables to First Select. First Select specializes in collecting consumer debt and simultaneously issuing new credit. First Select says the key to its first year success has been its consistency due to the financial stability of Providian.

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Mexico Phone Card

Cable & Wireless Global Card Services announced Wednesday the launch of La Calidad a Mexico (The Best to Mexico), a prepaid phone card for U.S. consumers who make frequent calls to Mexico. La Calidad a Mexico is the first in a series of new marketing initiatives in the prepaid phone card arena that address the unique calling needs of special consumer segments.

The phone card program is designed to create a unique opportunity for retail outlets to generate increased revenue and margin.

The La Calidad phone card offers competitive margins for retailers, and special point-of-sale materials in Spanish support in-store sales promotions. The launch of La Calidad allows retailers the opportunity to team with Cable & Wireless’ retail marketing experts to develop in-store and media programs designed to maximize sales opportunities and build awareness for La Calidad.

“La Calidad is a prepaid card created for budget-minded U.S. consumers who are regular callers to Mexico,” said Kevin Martini, vice president, Global Card Services. “The La Calidad phone card is designed to meet a growing consumer demand to provide low rates, high-quality connections to Mexico, and customer service 24-hours-a-day in Spanish, which means that U.S. residents with family and friends in Mexico can call home more often, for less.”

La Calidad a Mexico also offers competitive calling rates in the U.S. and to more than 200 other countries worldwide.

Cable & Wireless Global Card Services creates innovative and dynamic prepaid phone card programs for the retail markets. For more information about the full line of Cable & Wireless prepaid phone card retail programs, visit [www.cwcards-us.com][1]

About Cable & Wireless

With customers in 70 countries, Cable & Wireless (NYSE: CWP) is a major global telecommunications business with revenue of around $13 billion in the year ended March 1999 and over 50,000 employees. Its businesses around the world offer a range of services spanning broadband data and Internet access, fixed and mobile voice, as well as interactive entertainment and information.

Cable & Wireless’ priority for expansion is the fast growing market of data and IP (Internet Protocol) services for business customers.

Since November 1998, it has announced major investments in advanced networks in the US and Europe, the restructuring of Cable & Wireless Communications in the UK and has acquired full control of Cable & Wireless IDC in Japan to support this strategy. Cable & Wireless now holds a unique position in terms of global coverage and services to business customers.

[1]: http://www.cwcards-us.com/

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TPII in Ukraine

IFS International, Inc. announced that the Ukrainian Processing Center has licensed TPII to acquire and process payment card transactions from ATM devices throughout Ukraine.

UPC is the main processing center in Ukraine and provides processing services, switching, ATM and POS management to around 15 banks throughout the country. With 52 million people and a fast-developing banking environment, Ukraine represents a major opportunity for payment card systems during the next three years. UPC has established itself as the main payment card processor in the region by using a number of in-house developed systems and the software system from the company Tieto Konts. In order to consolidate this position, UPC has made a significant investment and licensed the industry-proven TPII products to lead them into the next millennium.

In addition to solidifying the payment card terminal management and switching part of their business through TPII, UPC is also investigating the addition of electronic commerce services and enhanced payment card risk management to the services that they provide local banks. It is viewed that IFS’ products will provide the platform upon which to deliver these new components of their business.

Commenting on this significant and strategic new contract for IFS, Simon Theobald, executive vice president, stated, “The unrivalled success, to date, of the Ukrainian Processing Center is testament to the investments that they made in delivering appropriate solutions as their market required. IFS International is very proud that TPII was chosen to lead UPC into the next phase of its growth, spearheading payment card processing in Ukraine into the next millennium. We look forward to implementing our TPII software and then working together with UPC as they expand into other areas of payment card service.”

Dr. Volodymyr Sharayevsky, general director at the Ukrainian Processing Center, commented, “Having successfully built the main payment card processing center in Ukraine, UPC has recently been experiencing dramatic growth in terms of transactions and the number of terminals supported, with further growth planned. In order to deliver this mission-critical, high-profile service to our members, IFS’ TPII solution was selected as it has proved that it is capable of handling a large volume of terminals and transactions and will allow UPC to deliver further value added services to our members.”

About IFS International, Inc.

IFS International, Inc. and Network Controls International, Inc. are divisions of IFS International, Inc., which has headquarters in the USA and subsidiary offices in the USA, UK, Singapore, Australia, and Germany.

IFS International, Inc. develops, markets, and supports software products for the electronic funds transfer (EFT) market. IFS International’s TPII and TP-CMS suite of software products provide support for ATM, POS, network switches, smart-card, card management, bank teller platforms, home banking, and call-center solutions. NCI, Inc. provides complementary products, such as NCI Business Center, an enterprise-wide retail bank branch solution designed to deliver traditional and Internet/Intranet based transactions.

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Hess Contract

Amerada Hess Corp. announced Wednesday it has selected The Huntington National Bank to be the exclusive ATM provider for all its convenience store locations in Florida. Huntington will install ATMs in 120 Hess convenience store, primarily in Huntington’s existing markets, by Dec. Huntington has been on an ATM growth binge in Florida for the past three years. Huntington installed its first off-site ATM at the Sheraton Orlando North Hotel in Nov. 1996. Upon completion of the Hess installation, Huntington will offer ATM service at more than 450 locations in Florida. Huntington says it has invested more than $16 million in ATM technology in Florida over the past three years.

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WAP

MasterCard has joined The Wireless Application Protocol Forum. The industry association announced yesterday it has now signed up more than 200 member companies. WAP is quickly emerging as the de-facto global standard for providing Internet communications and advanced telephony services on digital mobile phones, pagers, personal digital assistants and other wireless terminals. VISA was the first payment association to join the WAP forum. VISA and MasterCard indicated their participation as full WAP members will ensure that secure mechanisms are developed to enable payment transactions and other applications using mobile devices. VISA already announced it will conduct a pilot of wireless application technology next summer with MeritaNordbanken and Nokia in Scandinavia. The pilot will allow bank customers to make payments over the Internet, or at a merchant location, from a mobile phone as well as being able to download applications securely to an EMV compliant bank card. MasterCard has not announced any WAP pilots. American Express and Discover Financial Services are not WAP members. To-date handset manufacturers representing 95% of the world market have committed to shipping WAP devices. WAP expects tens of millions of WAP-browser enabled products to be in the hands of consumers by the end of next year.

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Coinstar and Cash Tech Settle

Coinstar Inc. and Cash Technologies Inc. , parent company of CoinBank Automated Systems Inc., Tuesday announced they have resolved litigation involving patent infringement claims and counter-claims originally filed by Coinstar on June 18, 1997.

The agreement provides for the dismissal of each party’s respective claims in the litigation and effectively ends the dispute over the patents-in-suit.

“We are pleased with the dismissal of the patent infringement lawsuit,” said Bruce Korman, CEO of Cash Technologies Inc. “This agreement allows us to concentrate our energies on our business plan, particularly the completion and upcoming deployment of our EMMA(tm) e-commerce transaction processing system.”

“We agree that this settlement is in the best interests of both companies,” said Dan Gerrity, president and COO of Coinstar Inc. “It brings closure to all the issues in dispute and eliminates the potential costs and distractions implicit in continuing the litigation. We want to stay focused on the business of growing and operating our coin processing network.”

Cash Technologies Inc.

([www.cashtechnologies.com][1]) develops and markets innovative e-commerce kiosks and systems, including the EMMA transaction processing software, the multifunction ATM-X automated teller machine (ATM) and the CoinBank advanced self-service coin counter. The company also provides computerized cash processing services to banks, armored carriers, rapid transit agencies and other cash-intensive businesses.

Coinstar and its subsidiaries provide consumers and retailers with value-added services that increase customer loyalty and retailer profitability. The Coinstar network currently delivers the company’s self-service coin counting product to more than 6,400 leading supermarkets in 38 states, the District of Columbia, the United Kingdom and Canada. Consumers can call 1-800/928-CASH, or visit [http://www.findcoinstar.com][2] for the location of the nearest Coinstar machine.

[1]: http://www.cashtechnologies.com/
[2]: http://www.findcoinstar.com/

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Deutsche Deploys PayWare NetHost

Trintech Group a leading provider of secure electronic payment solutions, Tuesday announced that Deutsche Bank, the world’s largest bank in terms of market capitalization, is deploying Trintech’s PayWare NetHost for the bank’s hosted shopping initiative, shop@db.

The Trintech solution allows Deutsche Bank, currently Germany’s largest merchant acquirer, to become one of Europe’s few bank-operated Commerce Service Providers (CSP). The shop@db(TM) project aims to provide Internet merchants around the world with secure Internet payment capabilities in hours with minimum associated costs and effort.

For the shop@db(TM) project, SAP is supplying the Sales Order Processing system, while Trintech’s PayWare NetHost provides the payment component for secure on-line transactions. Meanwhile, the storefront application for the hosted e-commerce solution is currently based on the Hosting Edition of Intershop, the German-based e-commerce solutions provider.

“In Trintech we found an ideal partner to complement our shop@db(TM) e-commerce solution,” says Frank Moerler of Deutsche Bank’s Corporate and Real Estate (CORE) Internet Team. “PayWare NetHost is a secure and robust solution that allows us to offer Internet payments authorization to merchants anywhere in the world as a shop@db(TM) component because of Trintech’s multi-currency and multi-protocol experience.”

“Trintech is delighted to be working with a world-leading financial institution such as Deutsche Bank,” says John McGuire, CEO of Trintech. “We build our products to meet the exacting requirements of financial institutions such as Deutsche Bank.”

The PayWare NetHost solution provides Deutsche Bank with a standards-compliant, scaleable and secure hosting e-commerce solution that can handle multiple merchant IDs and work on a variety of security standards, including SET(TM), developed by Visa and MasterCard. PayWare NetHost also provides Internet merchants with a solution that outsources the complex business of payment processing to expert financial institutions, thereby allowing them to concentrate on their core business of selling goods and services.

About PayWare NetHost

PayWare NetHost offers secure and flexible Internet payment services for hosting multiple merchant websites. Service providers can configure and customize PayWare NetHost to tailor their service offerings to their customers, allowing clients to outsource their entire storefronts or simply access the core payment processing functions.

Key Features:

— Supports multiple merchants in hosted or remote environments

— Easy & rapid deployment at merchant sites

— Remote manager/reporting options

— Multiple secure payment options SET/SSL

— Certified to use German national payment protocols for secure SSL based payments

— Supports multiple card types and multiple currencies

— Works with wallets and in “one click” configurations

— Data partitioning and reporting of each Internet merchant

— Easy to use browser-based administration functions

— Platform flexibility and scalability supporting NT(TM) and UNIX(R) platforms

About Deutsche Bank

Deutsche Bank is the world’s largest bank in terms of market capitalization. Besides its traditional fields of banking and financial services, it is expanding its product and value-added service offerings for corporate customers providing e-commerce related payments and service solutions. During Germany’s CeBIT fair in March 1999 Deutsche Bank first announced the integrated e-commerce shopping solution shop@db(TM). Together with system integration partners and strategic partners with logistics and fulfillment capabilities, Deutsche Bank is a first mover in offering its customers an integrative, all-in-one solution enabling the bank to engage in e-commerce.

About Trintech

Founded in 1987, Trintech Group (Nasdaq:TTPA)(Neuer Markt:TTP) is a leading provider of secure electronic payment solutions for card-based transactions in the physical world and over the Internet. The company offers a complete range of payment software products for credit, debit, commercial and procurement card applications, as well as being a world leader in the deployment of payment solutions for Internet commerce that are fully SSL- and SET-compliant. Trintech’s range of scalable open systems architecture solutions for UNIX(R) and Windows NTu platforms covers consumer, merchant and financial institution requirements for physical payments and the burgeoning world of electronic commerce. Trintech can be contacted at 2755 Campus Drive, San Mateo, CA 94003 (Tel: 650/227-7000). Trintech can be reached on the Web at [http://www.trintech.com][1].

[1]: http://www.trintech.com/

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CardData 3Q/99

Early third quarter survey results indicate another lackluster quarter for mid-level issuers. According to CardData (www.carddata.com), First National of Nebraska and Keycorp reported a decline in receivables during the third quarter and little, if any, growth in their account base. However SunTrust realized a slight increase in receivables and active accounts. CardData’s 3Q/99 portfolio survey collects financial data from more than 350 U.S. issuers representing over 95% of industry receivables.

ISSUER 3Q/99 RECV 2Q/99 RECV 3Q/99 ACTIVES 2Q/99 ACTIVES
Frst Natl NE $3,132,680,000 $3,140,673,000 1,566,078 1,578,887
KeyCorp $1,307,522,752 $1,322,153,812 597,465 620,212
SunTrust $1,040,531,000 $1,023,664,000 556,354 519,762

Source: CardData (www.carddata.com) 301-631-9100

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August Downshift

While credit card debt has increased briskly this summer American consumers downshifted during August. According to preliminary figures released last week by the Federal Reserve, Americans added $4.3 billion to revolving credit during August. During August 1998, by comparison, American consumers tacked on $4.9 billion to revolving credit. Over the past twelve months U.S. revolving credit has grown more than $40 billion, from $548.3 billion to $588.7 billion. The annual rate of revolving debt growth is now at 8.9%, compared to 10.7% one year ago. Overall consumer credit is growing 9.6% annually. Revolving credit is mostly credit card debt. At mid-year, bank credit card debt stood at $456.5 billion, according to CardData (www.carddata.com). However the FRB figures do not net out monthly payments made on credit card balances. Monthly payment rates have been rising sharply this year which dampens the real growth in revolving credit. Overall, American consumers were $1.368 trillion in debt, exclusive of home mortgages, at the end of August.

REVOLVING CREDIT HISTORICAL
Aug99 Jul99 Jun99 May99 Apr99 Mar99 Feb99 Jan99
%GRWTH: 8.9% 12.1 13.8 4.5 5.6 -0.9 3.4 11.6
$OWED: $588.7 584.4 578.5 572.2 569.9 567.3 567.5 565.9

Source: Federal Reserve; revised figures as of 10/07/99; For complete
historical data visit www.carddata.com.

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MyChoice Picks Pathways

The Pathways Group, Inc. announced Tuesday that it has signed agreements to provide smart card transaction processing as well as Software and Hardware maintenance and support services to MyChoice Health Services, Inc. MyChoice is a Portland, Oregon-based company offering technological strategies for the access of alternative medicine network services in Oregon. The agreements provide for Pathways to provide smart card transaction processing and reporting in addition to software and hardware maintenance services, including help desk and technical phone support for MyChoice and its membership and provider network. The agreements are for three years.

The MyChoice system was originally developed by Pathways in 1995 pursuant to a development arrangement with Gregg Technology Ventures, LLC for use by MyChoice and was one of the first functioning smart card systems in the United States at the time. Since its initial implementation, MyChoice has continued to operate the system by supporting related health delivery programs for access to alternative medicine services.

Carey F. Daly, President and Chief Executive Officer of Pathways commented, “Pathways is pleased to extend our services to MyChoice and we hope to continue to support and collaborate with them on the significant opportunities that smart card technology promises in this industry.”

The Pathways Group, Inc., which recently celebrated its 12th anniversary, provides clients with innovative and unique solutions for securely creating, capturing and processing data and electronic transactions using custom application software and hardware systems. The company, established in 1987 by Carey Daly, has evolved into a leader in the development of custom software and hardware for electronic banking, data and transaction processing, and smart card applications. Pathways’ creation of proprietary “back office” systems allows for the capture and processing of data and transfer of funds via “ACH” protocol, the standard used in the banking industry for transfer of funds in retail, medical and institutional environments.

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